Under Senator Jinggoy Estrada’s bill, tourists can get a VAT refund on goods amounting at least P3,000 bought from authorized retailers in the country, within 60 days from the date of purchase.
The House Committee on Ways and Means on Tuesday approved the measure criminalizing tax racketeering and increasing the penalty for syndicated tax fraud from two years to 20 years.
Sen. JV Ejercito on Wednesday dismissed as “absurd” San Juan City Mayor Francis Zamora’s claim that the city government had failed to pay its tax obligations to the Bureau of Internal Revenue (BIR) during the senator’s term as mayor.
Camarines Sur Rep. LRay Villafuerte proposed the imposition of a $25 tourist welfare tax from foreigners and use the revenue to augment government funds for providing and upgrading tourism-related services.
The bill seeking increase the tax on luxury, or nonessential, goods to 25 percent is “reasonable,” according to President Ferdinand Marcos Jr.
President Ferdinand Marcos Jr. asked Filipinos to “pay correct amount of taxes” to support the country’s economic recovery and expansion.
The bill seeking to increase the tax on luxury goods to 25 percent is “reasonable,” President Ferdinand Marcos Jr. said.
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. on Thursday led the filing of criminal complaints against 53 individual and corporate taxpayers for tax evasion totaling PHP3.57 billion before the Department of Justice (DOJ).
India’s government announced a huge infrastructure programme, increased welfare spending and tax cuts Wednesday as Prime Minister Narendra Modi seeks to boost the economy and voters’ incomes ahead of elections next year.
The Supreme Court (SC) has upheld the constitutionality of the Tax Reform for Acceleration and Inclusion Act (TRAIN Act).
